Latest Super Bowl Odds Movement: Chiefs, Bills, Packers Odds Soar Heading Into Week 4

It’s Week 4 already in the NFL! After this week, we will officially be through 25% of the NFL season in terms of games played, which seems absurd. Nevertheless, patterns are starting to form, teams are beginning to show their true selves, and that means the NFL Super Bowl futures markets will begin to stabilize on a week-to-week basis. This also means that time is running out to get the best value on who you believe could win the Super Bowl in terms of betting on these futures markets. After the Chiefs destroyed the Ravens on Monday Night Football, they certainly became the clear favorite to win the Super Bowl, but let’s take a look at the updated odds, other teams who have seen movement, and more.

Updated 2021 Super Bowl Odds: Chiefs Favored

As you can see, the Chiefs are the clear favorites, ranking at at least 200 points better than the Ravens at all legal sportsbooks. As of the morning after the Chiefs victory over the Ravens, Kansas City was +375 at PointsBet, the highest odds we have seen for any time in the 2020 season. Of course, you would want to get the best odds so be sure to use BetMGM in this example, where the Chiefs are +450. Odds movement is certainly not done, as it will move throughout the season. But if Monday Night was any indication, the Chiefs are poised to make some noise all year long…again. Let’s take a look at some other teams whose odds increased after Week 3.

Buffalo Bills Odds Rise to +1700 after Week 3 Win

When was the last time the Buffalo Bills were 3-0? The answer is 2008, but it has only happened a few times in the last 30 years. Make no mistake about it though, the 2020 Bills are for real. As you can see in the chart below, Buffalo’s odds have consistently increased since the offseason, starting at +2500 and are now up to +1700 to win the Super Bowl after their Week 3 victory over the Rams. Bills’ QB Josh Allen has started off hot with 1038 yards and 10 passing touchdowns to go along with two more scores on the ground in three games. Buffalo has scored 27 points or more in all three contests, and have one of the more talented defenses in the AFC. Is this team for real? The legal sportsbooks seem to believe so, and time will tell as the season goes on. Buffalo takes on the Chiefs on October 15th, which will go a long way in answering the question on just how good the Bills are.

Green Bay Packers Super Bowl Odds Continue to Climb

Entering the season, the Packers were +3000 to win the Super Bowl. That has changed in a hurry, as they are all the way up to +1400 after a Week 3 win over the Saints. Green Bay has scored a total of 122 points in three games, including two wins over the Vikings and Saints, both playoff teams a year ago. Aaron Rodgers looks as good as ever, throwing for nearly 300 yards per game and nine passing touchdowns in three blowouts. The Packers just scored 37 against the Saints in New Orleans without Davante Adams, and star running back Aaron Jones has already scored five times. If the Packers defense continues to improve as well, we are looking at a very dangerous football team in the NFC North. With the Packers’ odds moving from 30:1 to 14:1 in three weeks and ranking just behind the Chiefs, Ravens, and Seahawks, the legal sportsbooks already believe in Green Bay.

Super Bowl Odds Movement After Week 3

Each week, the odds movement will be analyzed and discussed here at ActionRush. From Week 1 to Week 2, there was significant movement. After Week 2, there was more movement with some teams starting 2-0 and 0-2, but Week 3 really added some confirmations as teams have played nearly 20% of their games already. Here is a look at the biggest upgrades in odds entering Week 4.

While the Miami Dolphins are not likely to win the Super Bowl, they did see the biggest increase in odds movement from +20000 to +17500 after Week 3’s victory over the Jaguars. Just behind them was the Detroit Lions, who moved from +10000 to +8000. Some contenders that saw their odds increase were the Colts, Bucs, 49ers, Bills, Titans, Seahawks, and Packers along with the Patriots and Chiefs seeing slight bumps. Even though the Chiefs only moved from +500 to +400 on DraftKings Sportsbook, that is a significant move given how low the odds are already.

Since Week 3, the biggest “losers” in terms of odds movement were the New York Jets, Cincinnati Bengals, and the New York Giants. The Jets are already +30000, with almost zero hope three weeks in. Here is a look at all the teams that saw their odds move in a negative light after Week 3’s games:

For a deeper look at the latest Super Bowl odds, check out our Super Bowl odds page.